PPP Loan information for Stonham motor co inc

$1,861,132

Stonham motor co inc was initially approved for PPP Loan of amount $1,861,132, the current approved amount is $1,861,132. The loan was approved on 04/07/2020 by The Eastern Bank reported 141 jobs and $1,861,132 was used to fund payroll.

Stonham motor co inc is Existing or more than 2 years old

PPP Loan Search / MA / STONEHAM / Stonham motor co inc

STONHAM MOTOR CO INC

Date Approved

04/07/2020

SBA Office Code

0101

Processing Method

PPP

Borrower Name

STONHAM MOTOR CO INC

Borrower Address

185 MAIN ST

Borrower City

STONEHAM

Borrower State

MA

Borrower Zip

02180-1620

Loan Status Date

02/10/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

1861132.00

Current Approval Amount

1861132.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

32987

Servicing Lender Name

Eastern Bank

Servicing Lender Address

265 Franklin St

Servicing Lender City

BOSTON

Servicing Lender State

MA

Servicing Lender Zip

02110-3113

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

STONEHAM

Project County Name

MIDDLESEX

Project State

MA

Project Zip

02180-1620

CD

MA-05

Jobs Reported

141

NAICS Code

441110

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

0.00

Payroll Proceed

1861132.00

Mortgage Interest Proceed

0.00

Rent Proceed

0.00

Refinance EIDL Proceed

0.00

Health Care Proceed

0.00

Debt Interest Proceed

0

Business Type

Subchapter S Corporation

Originating Lender Location Id

32987

Originating Lender

Eastern Bank

Originating Lender City

BOSTON

Originating Lender State

MA

Gender

Male Owned

Veteran

Unanswered

Non Profit

Forgiveness Amount

1874883.70

Forgiveness Date

01/06/2021

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